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demure · 2295 days ago · link · · parent · post: Musings on Cryptocurrency - an invitation to ruminate
With ETH having the added value of dapps and smart contracts, could that not be construed as the added use as a "marker of value"? Speaking in ruminations, haven't come to my own full conclusions about this yet.
The best way to think of Ethereum is as a preinvestment in runtime on a globally-distributed mainframe. At the end of the day, all any of us have is energy and time and it takes time and energy to execute commands on this network, which takes time. Ether is the unit that measures that energy on the Ethereum "machine." Strictly speaking, Ether is one of the only cryptocurrencies that has a non-zero intrinsic value. That intrinsic value is directly related to the utility of the machine running it.